Russell Group response to the 2021 Budget

03 March 2021

Responding to the Chancellor's 2021 Budget today, Dr Tim Bradshaw, Chief Executive of the Russell Group, said:

“It is positive to see the Government’s continued commitment to making the UK a scientific superpower in today’s Budget. We are pleased to see proposed visa reforms to make it easier to attract leading global talent in science and research to the country, as well as measures to boost productivity and promote innovation and commercialisation of research. 

“However, today’s Budget does not provide any clarity on the source of funding for association to Horizon Europe, expected to be around £2bn a year, which may mean significant funds will need to be found from core R&D budgets. This is a missed opportunity to deliver a long-term boost to UK science and innovation that would galvanise the research sector and help drive vital economic growth.” 

Notes

You can read the Russell Group submission to the 2021 Budget here.

Related case studies

Graphene: the transformative new material driving economic growth

The discovery of graphene at the University of Manchester has led to a rapid global take-up of new technologies, with at least $200 million in recent commercial investment being made in graphene production across 210 companies.

Read more >

Supporting joint ventures with business

Queen's University Belfast has invested QR funding in developing technologies to support today's bus industry.

Read more >